Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3227 Riverside Dr Cincinnati, OH 45226
    Back to Search
    Property profile & analytics

    3227 Riverside Dr, Cincinnati, OH 45226

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • EMMA : Wine with Friends / Bar & Pub

    Property Details for 3227 Riverside Dr

    Year built
    2021
    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    Exceptional opportunity to lease a 1,650 square foot retail space in Cincinnati's vibrant East End, specifically within the Community Entertainment District (CED). This Class A property, built and renovated in 2021, boasts a desirable corner location with high visibility signage. The single-tenant space is situated in a thriving business district, alongside established businesses like Eli's BBQ, Fulton Yards, and The HiMark. The building features a high-end buildout completed in 2021, ensuring a move-in ready space. Ample parking is available, both on and off-street, with a total of two spaces. The property is ADA accessible and zoned CN-M, offering versatility for a range of uses. This three-story building presents a unique opportunity for a variety of concepts, from breakfast and bakery to lunch and sandwich shops, or even a cocktail bar. The current tenant's fixtures, furniture, and equipment (FF&E) may be available for purchase. A significant advantage is the inclusion of a transferable D5J liquor license, making this an exceptionally attractive proposition for businesses requiring such a permit. The property's location within the CED and its proximity to other successful businesses make this a truly rare opportunity. Available for lease starting Q1 2025. APN: 028-0001-0151-00.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Butler
    State
    Ohio
    Longitude
    -84.444
    Latitude
    39.1187

    Comparable in this City

    • Value Estimation by Request
      27.36 Acres

      4609 Kellogg Ave

      BAR, TAVERN
      4609 Kellogg Ave, Cincinnati, OH 45226-2400
      View Details
    • Value Estimation by Request
      6,920 SF

      4003 Eastern Ave

      BAR, TAVERN
      4003 Eastern Ave, Cincinnati, OH 45226-1747
      View Details
    • Value Estimation
      $565,000
      7.33 Acres

      4609 Kellogg Ave

      CHARITABLE ORGANIZATION
      4609 Kellogg Ave, Cincinnati, OH 45226-2400
      View Details
    • Value Estimation
      $565,000
      111.97 Acres

      4853 Kellogg Ave

      CHARITABLE ORGANIZATION
      4853 Kellogg Ave, Cincinnati, OH 45226-2423
      View Details
    • Value Estimation by Request
      0.08 Acres

      3726 Eastern Ave

      FUNERAL HOME
      3726 Eastern Ave, Cincinnati, OH 45226
      View Details
    • Value Estimation by Request
      0.31 Acres

      224 Wilmer Ave

      CHARITABLE ORGANIZATION
      224 Wilmer Ave, Cincinnati, OH 45226-1642
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Restaurant/Bar Space on High-Vis Corner

      3,300 SF restaurant/bar with 1,700 SF outdoor patio.
      3538 Columbia Pkwy, Cincinnati, OH 45226
      View Details
    • Contact for pricing

      Mixed-Use Building on Riverside Drive

      Dual-use building suitable for office, retail, and multifamily housing.
      3151 Riverside Dr, Cincinnati, OH 45226
      View Details
    • Contact for pricing
      1,000 SF

      Cincinnati Office Condominium Units

      Class A office condos in Cincinnati, suitable for owner-operators.
      5082 Wooster Rd, Cincinnati, OH 45226
      View Details
    • Contact for pricing
      2,232 SF

      Furnished Creative Office Suite

      High-end, move-in ready office in Cincinnati's East End.
      3251 Riverside Dr, Cincinnati, OH 45226
      View Details
    • Contact for pricing
      0.23 Acres

      Office Space on High-Vis Corner

      Small office spaces available in Cincinnati with flexible terms.
      4242 Airport Rd, Cincinnati, OH 45226
      View Details
    • Contact for pricing

      Office Spaces on High-Vis Corner

      Small office spaces available for lease with utilities included.
      4242 Airport Rd, Cincinnati, OH 45226
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Spaces on High-Vis Corner

      Office spaces for lease with flexible options and utilities included.
      4242 Airport Rd, Cincinnati, OH 45226
      View Details
    • Contact for pricing
      3,550 SF

      Furnished Boutique Office Space Available

      Furnished historic office space with parking and open floor plan.
      4786 Eastern Ave, Cincinnati, OH 45226
      View Details
    • Contact for pricing

      Historical Building with Free Parking

      Historical building with distinctive architectural features and free on-site parking.
      455 Delta Ave, Cincinnati, OH 45226
      View Details
    • $31 SF/Yr
      8,129 SF

      Office Space Available For Rent

      Office space available for lease at $31.16 per square foot.
      3505 Columbia Pkwy, Cincinnati, OH 45226
      View Details
    • Contact for pricing
      8,129 SF

      Class A Office Space Available

      8,129 RSF Class A office space for lease.
      3505 Columbia Ave, Cincinnati, OH 45226
      View Details
    • $13 SF/Yr
      3,144 SF

      Mt. Lookout Office Space Available

      Office suites for lease in Mt. Lookout neighborhood.
      822 Delta Ave, Cincinnati, OH 45226
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3227 Riverside Dr
    Cincinnati, OH 45226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3227 Riverside Dr, Cincinnati, OH, 45226
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!